HSBC new coal policy ignores elephant in the room of bank’s ownership of new coal power
Policy allows HSBC Global Asset Management’s huge investment in companies building 99 gigawatts of new coal plants to continue, Financing able to continue for problem coal companies like Adaro (Indonesia) and Adani (India) HSBC’s long-awaited new coal policy, a...
Convex Insurance clinch ‘Coal Holdout’ Award at 2021 Insurance Times Awards
Market Forces awards London-based insurer with prize for refusing to rule out coal mine that will result in emissions 10 times the UK’s annual carbon footprint Ceremony attendees handed leaflets highlighting Convex’s coal holdout status “Stephen Catlin” accepts...London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth
The Adani Carmichael coal mine in Australia is one of the most environmentally and socially destructive projects on Earth. It will emit 4.6 billion tonnes of CO2 – equivalent to more than eight years of Australia’s annual greenhouse gas emissions – and...Standard Chartered’s new climate policy aims for failure
Policy fails to rule out oil and gas expansion, as required by the IEA’s Net Zero by 2050 scenario,Major coal mining clients to continue to enjoy Standard Chartered’s financing,Market Forces-coordinated shareholder resolution stands, and will go to StanChart AGM...
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